Payday Loans in St. Augustine Beach, Florida
Things happen, and we usually find ourselves in a place where we have to cover some surprise costs. Think about submitting an application for a paycheck advance loan in St. Augustine Beach, FL, to see if you meet the requirements.
The loan application process is quick and painless. To qualify, you have to meet a few basic conditions.
What is a Paycheck Advance Loan? What Can It Be Used For?
A payday advance loan is where the borrower will be extended a petite amount of money on a short-term basis. This is thought of as an unsecured loan as no collateral is needed.
When unexpected costs arise, for example past due rent or utility fees, vehicle repairs, medical or vet costs, and so on, people usually turn to payday loans.
Paycheck Advance Loan Criteria In St. Augustine Beach, Florida
In St. Augustine Beach, FL, payday advance loan borrowers need to satisfy a few requirements to qualify for a loan.
The borrower has to:
- Provide proof that they live in St. Augustine Beach, Florida
- Must be 18 years old
- Receive an income that they can prove that's at least $1,000 per month
- Provide active contact details like cell phone number and email address
- Provide their SSN
If a borrower does not meet the above requirements, they will immediately be denied a payday advance loan. Ensure that you have the documentation required when submitting your application.
Laws and Regulations Regarding Paycheck Advance Loans in St. Augustine Beach, Florida
The State of Florida has ruled cash advance lending legal. However, they have enacted the below rules and regulations for the paycheck advance lending industry:
- An individual money lender cannot extend a loan in excess of $600. Borrowers are not allowed to have more than two active loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not set, the longest loan term length is 31 days. In Florida, borrowers cannot rollover their loans.
- The fees and charges are different for each lender. The service costs charged by the lender on a payday loan are not considered interest. The service fees apply to each $100 borrowed and can range from 11% up to 15%.
- An interest rate must be mutually decided upon. APR can range up to 369%.
Will Payday Advance Lenders in St. Augustine Beach, Florida, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, still, even if you have no credit or less than stellar credit, you may still be approved for a loan as long as you can prove that you are able to repay the loan. Lenders are generally unconcerned about your credit history if you have proof of income and a plan to pay back the loan.
Lenders will use a soft credit pull, which will not impact your credit score. This is simply to get a look at your credit history and general information.
A hard credit pull, alternatively, needs your explicit consent. These credit inquiries are used for a variety of purposes, such as mortgages, credit cards, and more.
You may still qualify for a paycheck advance loan with imperfect credit in St. Augustine Beach, FL, if you can prove you will repay the loan.
Therefore, when you apply for a loan, whether it is in person or online, double check that you have your income information available and any other documents showing that you can repay the loan. The more evidence you possess, the better chance your loan application will be approved.
When Will I Receive My Deposit in St. Augustine Beach, Florida?
When you see your deposit actually depends on your lender as some lenders offer same-day paycheck advance loans, which means you will get your payday loan on the same day you request a loan, as long as you're approved.
Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. So, if you apply on a Friday, you might not see your cash until Monday.
If you're wanting a same-day paycheck advance loan in St. Augustine Beach, Florida, you will need to be sure that you're applying by 10:30 am. All same-day loans going out that day will be approved by that deadline. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you get your money on the day that you apply.
One more consideration that you should understand is despite if the lender approves your application and posts the loan to your bank, sometimes the bank won't release that credit right away. It's vital that you let your bank know that you plan to receive a payday loan, so they might make an exception in releasing the loan earlier.
On the whole, it's wise to prepare in advance to get cash on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.
Consider Borrowing From PaydayLoanRadar
If you have less than great credit or no credit and are needing to get a payday loan, think about applying with us, as you frequently have a better chance of approval.
We partner with more than one hundred different lenders who offer their services online. Most of the time you will get your loan on the next business day so ensure that you plan appropriately.
However, you can always locate the nearest cash advance loan store to you and apply in person to increase the chances of receiving your money on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may require proof of address, so take along a utility bill to the store too.
To locate the nearest cash advance loan store, please refer to the list below and find your city.
Payday Loan Direct Lender Companies in St. Augustine Beach, FL
Below you will find a list of payday loan companies offering their services in St. Augustine Beach, Florida. If you can't find a lender near your location in St. Augustine Beach, consider applying in a nearby city in Florida. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in St. Augustine Beach, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.